When hospice reverts to the lowest common denominator and leaders obsess about metrics, it's time to speak. Self-inflated leaders assume clinicians give until their backs break, given no raises for years. A clinical ladder is a rainbow’s pot of gold. Others have a sorrier job and must be motivated by money. Abysmal leaders dangle extrinsic rewards for admission, hiring and EDBITA targets. “Sign on” bonuses entice people into a poor work environment. Employees’ voice equals their raise, zero.

Sunday, May 5, 2013

Executive Compensation Proxy Conflict Deepens

StrangeTony,

Get this. Last year Gentiva's top management experienced the wrath of shareholders on executive compensation. The fight appears to have escalated with proxy firms recommending a second "No" vote on Gentiva's executive pay and "No votes" for three members of the Compensation Committee.

Gentiva Chairman Rod Windley sent a letter to shareholders explaining the company's position on the matter. The company's actions during the last year did not resolve the conflict

In the spring of 2012, the Company was surprised by the position taken by the proxy advisory firms and conducted a substantial program of shareholder
outreach. Prior to the 2012 annual meeting, the Company contacted the holders of 82% of all outstanding shares and had one-on-one discussions with approximately 68% of the
holders of its stock.

For leaders fluent in the language of business, why are they unable to get their points across? Gentiva's annual meeting is May 9th. We'll find out about the success of the company's shareholder outreach program.